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Beware These Levels Before Weekly Close On Ethereum (ETH)!


Ethereum held on at the $1,680 support.
Ethereum (ETH), the leading altcoin in the crypto money industry, has exhibited volatile upward and downward movements as of this week. Although the leading cryptocurrency Bitcoin (BTC) has managed to recover in recent days, ETH has not fully recovered.
As of now, although the weekly candle of Bitcoin is observed to be green, it is seen that the weekly candle of ETH is red. It is observed that the main reason for this situation is the increases in the BTC dominance table.
As of this week, although Ethereum has regressed to the level of $ 1.620, it is now again above the $ 1.680 support.
What Levels Will Be Tracked On Ethereum Tonight?
The leading altcoin Ethereum is trading at $ 1,735 at the time of writing our news. Although ETH's weekly candle is red, a trend reversal candle formation is observed.
As of next week, if ETH does not sag below $1,680, Ethereum may rise again to the major resistance level of $2,100.
While many crypto investors are waiting for a new altcoin rally, such an uptrend is unlikely to start without breaking ETH's major resistance level at $2,100.
In the future, Ethereum's weekly closes below the $1,680 support can bring very sharp decreases. Although the major support after $1,680 is at $1,070, the intermediate support at $1,400 could also work.
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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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